NHC Foods Ltd Allots Equity Shares Following Partial Conversion of FCCBs
NHC Foods Ltd announced a significant update regarding its capital structure after the Board of Directors approved the allotment of equity shares resulting from the partial conversion of Unsecured Foreign Currency Convertible Bonds (FCCBs).The company received notice for the partial conversion of 11 FCCBs, which aggregate to a principal value of USD 1,00,000. In response, the Board Meeting held on June 24, 2026, approved the allotment of 10,41,77,040 fully paid-up equity shares of face value INR 1/- each to M/s. Global Focus Fund, the FCCB holder.
The transaction resulted in an increase in the company’s paid up equity share capital. As a result of this conversion and allotment, NHC Foods Ltd's total paid-up equity share capital stands at INR 76,19,27,040, divided into 76,19,27,040 fully paid-up equity shares of INR 1/- each.
Post the conversion of the bonds, a portion of the FCCBs remain outstanding. The company has 259 FCCBs remaining, with a principal amount totaling USD 1,00,000 still listed at Afrinex Exchange.
The material details of the share allotment and financial status are summarized below:
| Financial Metric | Detail |
|---|---|
| Number of FCCBs Converted | 11 |
| Principal Value Converted (USD) | 1,00,000 |
| New Equity Shares Allotted | 10,41,77,040 |
| Conversion Price per Share | INR 1/- |
| Total Paid-up Equity Capital (Post-Allotment) | INR 76,19,27,040 |
| Outstanding FCCBs Remaining | 259 |
Stock Price Movement
NHC Foods Ltd. finished the trading day slightly higher, settling at ₹1.16 after the market close on Wednesday, representing a gain of 2.65%. The shares experienced movement during the session, ranging between an intraday low of ₹1.13 and a high of ₹1.18.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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